Balanced Scorecard: Master Your Data Driven Performance
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Balanced Scorecard: Master Your Data Driven Performance

Simplify Your Business Strategy and Increase Your Performance Using This Data Driven Tool
4.1 (22 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
4,302 students enrolled
Last updated 3/2017
English
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Current price: $10 Original price: $55 Discount: 82% off
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Includes:
  • 1.5 hours on-demand video
  • 3 Articles
  • 4 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Define a Balanced Scorecard
  • Build a good strategy map
  • Craft winning Key Performance Indicators (KPI's)
  • Implement your Balanced Scorecard
View Curriculum
Requirements
  • A hunger for data driven performance
  • Willingness to learn about a powerful data and management tool
Description

** ACCORDING TO KAPLAN: "The Balanced Scorecard is one of the most powerful tools any organization can use to achieve it's goals."

** SPECIAL FREE BONUS** EXCEL BALANCED SCORECARD AND COURSE WORKBOOK INCLUDED. In order to further improve the student experience, there is a free download of an Excel Balanced Scorecard and workbook packed with ready to use activities. This helps ensure everything is even easier to understand & even more fun and engaging! **

Are you a for profit or non-profit organization professional ready to track all the important components of your organization in one place? In this course, you will learn a step-by-step system used by organizations such as Wells Fargo, Thomson Reuters, UPS and University of Virginia.

The Balanced Scorecard is perfect for:

  • Analyzing your organizational strategy
  • Growing your bottom line
  • Aligning your tasks
  • Changing what you do so it aligns with your mission.

This course covers important topics such as Key Performance Indicators (KPI's), Dashboard integration, Strategy and Vision Maps and Action Plans.

The contents of this course are all based on my work experience as a Policy Analyst in The Office of the Presidency of South Africa, founder of Grow2Lead, a leadership and non-profit organization in South Africa and a Data Associate for a leading Education nonprofit in New York City. I received a PhD from Texas A&M University and a Master's degree in Public Administration from the Bush School of Government. This course ties together both my theoretical knowledge and practical experience in a dynamic, practical and applicable way.

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Students of this course will enjoy learning in a very practical way how to use this system to stay at the pulse of their daily operations and plan their short, medium and long term goals.  Use this course to take your organization to the next level!

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Who is the target audience?
  • For profit and non-profit professionals seeking to expand their organizational success
  • Managers seeking to capture all vital business information through one system
  • Anyone who wants to move their vision to a series of purposeful actions.
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Curriculum For This Course
27 Lectures
01:34:16
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Welcome to the course!
4 Lectures 14:30

Welcome to the Balanced Scorecard. In this lecture we build understanding from the ground up. We start with defining the BSC, then discuss the perspectives and finally look at a working dashboard.

Preview 07:13

What to look forward to in this class: Vision to Action Map
02:40


This demo lecture is perfect to see a Balanced Scorecard in action. It describes the Dashboard, outlines each perspective and then unpacks the relationship between input sheets and tracked performance.

Preview 03:26
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The Perspectives
7 Lectures 36:37

All roads lead from the mission. This lecture describes the mission perspective and explains how to map  a mission statement to a dashboard.

Preview 07:20

Customer is king/queen. Here we look at appropriate measures for defining customer satisfaction and perception of your business.

Customer Focus Perspective: Engaging Your Customers
05:20

This demo lecture is packed with helpful tools you can use to identify your target audience.

Demo: Identify your customers
05:06

Internal processes are the lifeblood of efficiency. In this lecture we discuss how to evaluate effective internal processes and use an example of how to map this to a perspective.

Internal Processes Perspective: Putting in place powerful systems
05:47

In this demo lecture we analyze our internal processes by going through the simple SWOT analysis.

Demo: Conduct a SWOT Analysis
05:12

Learning and Knowledge is critical to innovation and ultimately organization survival. This lecture briefly describes a case study of Henry Ford to explain how valuable razor sharp focus on innovation and learning can contribute to your organization's success. 

Learning and Knowledge Perspective
04:39

To supply what clients demand we need adequate skills. In this demo lecture we learn how to conduct a simple skills audit.

Demo: How to conduct a skills audit
03:13
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Finances Perspective
5 Lectures 18:45

Show me the money. In this lecture we discuss the Efficiency ratio and the financial stages of businesses.  

Finances Perspective
03:16

The challenge of where to price a product can be answered through basic understanding of the supply and demand curves.

Pricing your Product: Supply and Demand Curves Overview
02:52

What happens to demand when we increase our price? Watch this lecture to find out.

Demo: What happens when we increase the price?
03:51

When we discount our product how does that affect our production?

Demo: What happens when we offer a discount?
03:57

This model is perfect for thinking about how to position your product or business in relation to market share and market growth.

Demo: BCG Box
04:49
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Vision To Action Map
9 Lectures 23:12

A Vision to Action map describes the steps needed to move from idea to Key Performance Indicators (KPI's) to action plans. 

Preview 02:40

In this lecture we walk through a simple process that results in a mission statement.

Demo: Craft a Mission
01:53

We look at the best practices to crafting a powerful vision statement and scrutinize some examples.

Craft a Vision Statement
01:20

We move closer to specific measurables in this class. Specifically, we describe what well drafted goals should look like.

Outline your Business Goals
02:15

This lecture describes the 20/80 principle.

Demo: Pareto Effect
03:45

Placing a product in the market requires a lot of planning and strategy. The Long Tail approach helps us think about this further.

Demo: Long Tail Effect
01:43

The Strategy Map demonstrates the connection between objectives across all five perspectives. Students will use the workbook sheet provided to craft their own Strategy Map.

Draft Your Strategy Map
04:02

KPI's are the heart of measurement. Here we describe the steps to crafting good KIP's, outline their properties and discuss how they can shift over time.

Define Your Key Performance Indicators (KPI's)
02:33

We take action in this lecture. We look at things to consider when evaluating your action steps, as well as how to delegate ownership at the organizational, divisional and individual level.

Implement Your Action Plan
03:01
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Bonus Section
2 Lectures 00:52

Interested in learning more from Warren? This lecture has a few surprises in store...

More courses from Warren
00:20

Learn how to connect with Warren

Connect with Warren!
00:31
About the Instructor
Warren Chalklen, PhD
4.3 Average rating
526 Reviews
38,677 Students
19 Courses
Education Innovator | 38,000+ Students on Udemy

Dr. Warren Chalklen is an education innovator who has taught over 38,000+ students across 166 countries using online and face to face platforms. He is passionate about building individual and organizational capacity in the fields of diversity, policy analysis, and data driven performance with softwares such as Excel, Salesforce and Balanced Scorecard tools. In his spare time he loves to travel and recently returned from a vacation in Brazil!